SPY WEEKLY BAR CHART FROM OCTOBER LOW

٢٠ مارس ٢٠١٢

Here is a simplified analysis of the rally from the October low. I break the chart down very simply, but I think very usefully to show that the market has two "time clocks". One clock counts the time at the last most-frequent consolidation and the other counts time from the low to the end of the last consolidation. You can see that we run out of "time" on the faster method and it has failed to reach it's projected price at 146. This is a very simple analysis, but it is the basis for how to analyze trends, trend-time and trend-strength. I hope if there are any questions that I can address them in a timely basis. Cheers. Technical Tim, Tuesday, March 20, 2012 3:58PM EST